Frisco Blog

Frisco couple, Plano man indicted on health-care fraud charges

A Frisco couple and a Plano man have been indicted on charges including conspiracy, health care fraud, making false statements to a financial institution and engaging in illegal monetary transactions with fraud proceeds, according to the U.S. Attorney’s Office.

Stanley Thaw, 70, Kernell Thaw, 49, and Michael Kincaid, 55, of Plano were all arraigned in federal court on Thursday. Each pleaded not guilty.

The indictment, unsealed on Wednesday, charges Stanley Thaw and Kincaid each with one count of conspiracy to commit health care fraud and five substantive counts of health care fraud. Stanley and Kernell Thaw each are charged with three counts of making false statements to a financial institution. Each of the three defendants is charged with three counts of money laundering.

The three owned and operated various hyperbaric oxygen therapy companies in north Texas, Houston and San Antonio. According to the indictment, Stanley Thaw and Kincaid engaged in a scheme between 2008 and 2011 to defraud Medicare by double-billing for the physician supervision and attendance of oxygen-therapy-related services.

The Thaws also face charges alleging they made material false statements to a financial institution to obtain a $1.3 million residential loan in Dallas. The indictment states they failed to disclose their $2.15 million Frisco home in the loan paperwork.